Multibagger Penny Stocks: 3 Penny Stocks That Soared Up To 1700% In 1-Year

Penny stocks often catch investors attention as they are not only lower priced but sometimes end up offering stunning returns too. Recently, 3 penny stocks were in news as they not only bagged orders from big companies but offered attractive returns as well. These 3 penny stocks are Avance Technologies, Sarveshwar Foods Ltd, Salasar Techno Engineering Ltd. More details about these stocks below:

1. Avance Technologies: Last trading price of Avance Technologies share on BSE is Rs 1.26 apiece with intraday gain of 5.00%. Avance Technologies shares have been hitting back to back upper circuits since the last few days. The 52-week high price of Avance Technologies shares on BSE is Rs 1.71 apiece and 52-week low price is Rs 0.07 apiece, respectively. The company's market capitalisation is Rs 249.72 crore. The IT Software sector stock zoomed 50% in last 3-months, gave return of 260% in last 6-months, and soared 1700% in last 1-year. In last 3-years, Avance Technologies shares gave return of 2420%.

According to Trendlyne, the latest bulk deal for Avance Technologies took place on March 12, 2024 on BSE. Nearly 9,995,918 shares were traded at an average price of Rs 1.68.

2. Sarveshwar Foods: Last trading price of Sarveshwar Foods share on BSE is Rs 10.24 per share. Its 52-week high price is Rs 15.73 per share and 52-week low price is Rs 2.19 per share, respectively. The company has a market capitalisation of Rs 1,002.31 crore. Sarveshwar Foods shares gave return of 89% in last 6-months and zoomed 376% in last 1-year. Sarveshwar Foods operates in the FMCG sector.

The company earlier this year on January 8, 2024 declared that it has been granted 1 "Geographical Indication"( GI) tag in Jammu & Kashmir for Basmati Rice by APEDA ( Ministry of Commerce & Industry, Govt. of India). With this, Sarveshwar Foods limited became the 1st and only company based in Jammu and Kashmir region which has the GI tag for Basmati rice for export purposes.

The Board of Directors of Sarveshwar Foods in 2023 declared bonus share in the ratio of 2:1, stock split in 1:10 ratio and set September 15 as record date.

3. Salasar Techno Engineering: Small cap company operating in Industrial Products industry, Salasar Techno Engineering (STEL) shares surged 4.81% to settle at Rs 22.02 apiece on BSE. The 52-week high price of Salasar Techno Engineering shares on BSE is Rs 34.08 per share and 52-week low price is Rs 7.48 per share, respectively. The company has a market capitalisation of Rs 3475.92 crore. Salasar Techno Engineering shares soared 112% in last 6-months and gave return of 176% in last 1-year.

According to March 28 BSE filing, "SALASAR- RVNL JV has been awarded a prestigious contract worth USD 7.152 Mn equivalent to Rs. 596.21 Mn (appx.) by Energy Development Corporation Limited for the Rwanda Transmission System Reinforcement and Last Mile Connectivity project (TSRLMC) for "Plant design, Supply & Installation of 45.8 Km, 110 KV Double Circuit Rukarara-Huye-Gisagara Transmission Lines".

The penny stock recommended 9 dividends since 2017. In the past 12 months, Salasar Techno Engineering Ltd. has declared an equity dividend amounting to Re 0.10 per share. It also awarded 4:1 bonus shares in 2024. The ex-bonus date was February 1, 2024.

Disclaimer: The stocks just highlight the rally in shares and are not recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stocks mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.